Gentoo Media Inc · OMXSTO:G2M
Gentoo Media — Gaming Innovation Group — Q2 2021 Earnings Presentation
26 slides from Gentoo Media's earnings presentation, Aug 18, 2021
Slide 1: Gaming Innovation Group Inc. Interim Report
Gaming Innovation Group Inc. Interim Report e 18 Aug 2021 GiG
Slide 2: Today's Presenters
Q2 2021 Interim Report Today’s Presenters Richard Brown Tore Formo CEO Group CFO 2
Slide 3: iGaming solutions are based on innovative technology
iGaming solutions are based on innovative technology GiG focusing strategy on ambition to become global Tier 1 B2B provider. GiG’s strategy is centered on three customer focused business areas, which is key to be a relevant supplier, supported by its group ambition for top performance and operationa
Slide 4: GiG in brief
GiG in brief Mission “To drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service.” Dual-listed on Oslo Børs and at Nasdaq Stockholm 440 Over 25 primary countries Employees targeted by Media assets €170m (approx.) Market Cap O
Slide 5: Head figures development
Q2 2021 Interim Report Head figures development Revenues* MEUR EBITDA MEUR EBIT MEUR Revenues* EBITDA EBIT 23% Y/Y 86% Y/Y 194% Y/Y 5% Q/Q 16% Q/Q 55% Q/Q *Revenues are adjusted for revenues from a platform client where GiG recognizes the full operations in its profit and loss statemen
Slide 6: Key takeaways Q2 2021
Q2 2021 Interim Report Key takeaways Q2 2021 ● Continued positive development with significant YoY growth, both revenues and EBITDA ● Media delivered all-time-highs on both revenue and FTD generation ● Signed two new agreements for platform provision in the quarter ● One new brands went live on th
Slide 7: Strategic Update - Q2
Q2 2021 Interim Report Strategic Update - Q2 7
Slide 8: Client and Market Expansion Driving Future Growth
Q3 Q2 2020 2021 Interim Report Client and Market Expansion SaaS revenue (ex. GiG/Betsson brands) Driving Future Growth Brands onboarded in: 2017 2018 2019 • SaaS contracts generate long term and sustainable revenue source 2020 • Ramp period from contract signing to launch, followed by operator rev
Slide 9: Large volume of new contracts signed last 12 months
Q3 2020 Interim Report Large volume of new contracts signed last 12 months Mill of Magic Grupo Slots TipWin Slotbox Admirāļu PlayStar German facing European PlayStar SuperSeven Klubs Casumo brand Argentina Germany Ireland New Jersey operator operator Pennsylvania H220 H121 ● 4 new contracts sign
Slide 10: Media - securing future revenues
Q2 2021 Interim Report Media - securing future revenues ● High referred customer quality - 95% of FTD’s on have part perpetual revenue share components, where GiG will earn revenue over the players’ lifetime ● Growth through optimising and improving existing channels and websites products Media Ma
Slide 11: Business Update
Q2 2021 Interim Report Business Update 11
Slide 12: Platform Services
Q2 2021 Interim Report Platform Services Revenue & EBITDA MEUR Platform Services Revenue EBITDA ● Revenues* for Platform Services were €5.1m (4.7 in Q1 2021, a 9% increase YoY ● Third consecutive quarter with positive EBITDA, ended at €0.2m (-0.9, a 126% improvement YoY ● 2020 client onboardin
Slide 13: Platform Services
Q 2021 Interim Report Platform Services Brands on the platform - SaaS Platform Services ● As of Q2 22 SaaS brands were live on the platform up from 14 in Q2 2020 ● 6 new Client projects completed YTD, 3 were completed in Q2 ● Run rate of 89 new client launches on rolling 12 month basis - focus to
Slide 14: Media Services
Q2 2021 Interim Report Media Services Revenue & EBITDA MEUR Revenue Media Services EBITDA ● Media Services continued its positive development in Q2 with all-time highs in quarterly revenues, EBITDA and FTDs ● Revenues were €11m (8.6, a 28% increase YoY and 10% QoQ ● Paid media continues to see
Slide 15: Media Services
Q2 2021 Interim Report Media Services Media Services Revenue split Q221 ● Recurring revenue share accounted for 66% of revenues, up from 61% vs last year ● Positive impact of product development realised in search rankings ● 4 new market/asset launches ● Currently holds 9 licenses in US and regis
Slide 16: Events after the quarter & summary
Q2 2021 Interim Report Events after the quarter & summary 16
Slide 17: Update after the quarter
Q2 2021 Interim Report Update after the quarter ● Additional brand already live in Q3, with two additional launches anticipated shortly ● Sales pipeline remains strong and builds momentum ● FTDs up 32% YoY for Media in July, positive developments in Media continues ● Revenues in July were up 10% v
Slide 18: GiG's Long-term Financial targets
Q2 2021 Interim Report GiG’s Long-term Financial targets Growth Profitability Leverage To deliver annual double digit To achieve an EBITDA margin Cash generated from the organic revenue growth in excess of 40% by 2025 business will be used to lower leverage ratio while pursuing growth opportunitie
Slide 19: Summary
Q2 2021 Interim Report Summary ● The business in Q2 delivered strong double digit growth in revenues, EBITDA and EBIT ● Media business performed exceptionally well reaching all-time highs both financially and in operational KPI’s while it continued to launch into new markets and build on top of th
Slide 20: Q&A
Q2 2021 Interim Report Q&A 20
Slide 21: Appendix
Q2 2021 Interim Report Appendix 21
Slide 22: Largest shareholders: 31 July 2021
Q2 2021 Interim Report Largest shareholders: 31 July 2021 GAMING INNOVATION GROUP INC. 1 7 603 559 7.9 % Optimus Invest Limited 2 6 613 518 6.8 % Myrlid AS 3 4 896 125 5.1 % True Value Limited 4 4 500 000 4.7 % Jesper Ribacka 5 4 454 396 4.6 % Swedbank Robur Ny Teknik 6 3 882 353 4.0 % Formue Nord
Slide 23: Income Statement
Q2 2021 Interim Report Income Statement EUR 1 000 Unaudited) B2C included as discontinued operations Q2 2021 Q2 2020 6M 2021 6M 2020 2020 Revenues 19 357 16 678 37 662 27 840 63 027 Cost of sales 995 806 1 820 1 231 2 967 Gross profit 18 362 15 872 35 842 26 609 60 060 Marketing expenses 4 914 4
Slide 24: Balance Sheet
Q2 2021 Interim Report Balance Sheet EUR 1 000 (unaudited) B2C included as discontinued operations 30 June 2021 30 June 2020 31 Dec 2020 Assets Goodwill 16 284 15 516 16 287 Intangibles assets 34 663 36 260 33 012 Deposits and other non-current assets 14 725 20 476 16 637 Total non-current assets
Slide 25: Cash Flow
Q2 2021 Interim Report Cash Flow In EUR 1 000 B2C included as discontinued operations Q2 2021 Q2 2020 6M 2021 6M 2020 2020 Cash flow from operating activities 3 534 10 054 3 419 18 112 17 700 Cash flow from investing activities 2 768 20 793 4 847 17 786 14 613 Cash flow from financing activities
Slide 26: Legal Disclaimer
Legal Disclaimer Gaming Innovation Group Inc. gives forecasts. Certain statements in this report presentation are forward-looking and the actual outcome may be materially different. In addition to the factors discussed, other factors could have an impact on actual outcomes. Such factors include deve
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